Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

Canada Housing Starts

Last Release
Feb 29, 2024
Actual
253.47
Units In
Thousand units
Previous
223.18
Frequency
Monthly
Next Release
Apr 16, 2024
Time to Release
30 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
333.28
Mar 2021
90.7
Aug 1982
191.85 Thousand units1977-2024Canada Mortgage And Housing Corporation
In Canada, a housing start is defined as the beginning of construction work on the building where the dwelling unit will be located. This can be described in 2 ways: usually, the stage when the concrete has been poured for the whole of the footing around the structure; or an equivalent stage where a basement will not be part of the structure.

Latest Updates

Housing starts in Canada jumped by 14% over a month earlier to 253,468 units in February 2024, well above market expectations of 230,000 units, according to the Canada Mortgage and Housing Corporation. It was the highest reading in four months, as the monthly SAAR of total urban housing starts climbed 15%, with 238,633 units recorded. Multi-unit urban starts increased by 20% to 196,392 units, while single-detached urban starts decreased by 2% to 42,241 units. The rural starts monthly SAAR estimate was 14,835 units. "Following two consecutive monthly declines, both the SAAR and Trend of housing starts increased in February. This was due to growth in actual year-over-year starts, driven by higher multi-unit starts, particularly in Toronto and Vancouver. As the national housing shortage continues, the focus for developers continues to shift towards multi-unit construction in Canada's major centers," said Bob Dugan, CMHC's Chief Economist.

Canada Housing Starts History

Last 12 readings

Trade With A Regulated Broker